The Day Ahead: PM Edition 2019-06-19

by | Jun 20, 2019 | Day ahead

Bonds extended higher today as the FOMC statement is being interpreted as dovish at the moment. If the Wave 59 9-5 study is to be a guide, there may be another day or two of rise left. I’ve added a couple more Gann related steps up as resist at 156^16 and 157^06.

The Day Ahead: PM Edition 2019-06-18

by | Jun 19, 2019 | Day ahead

Bonds pushed to a new swing high early today and thus meets the minimum requirements for wave ‘v of (c) of [ii]’. The alternate is this high as iii and a iv and v left. First confirmation is prices back under 154^21 but better under 153^21.